Northern Platinum discovers new mineralized zone at the Wellgreen Mine

VANCOUVER, Jan. 22 /CNW/ - Northern Platinum Ltd. ("Northern Platinum") (TSX VENTURE: NTH) is pleased to announce that it has now received assays from its September-October 2009 diamond drill program at its 100% owned Wellgreen Property at Burwash Landing, Yukon Territory. This diamond drill program followed the purchase of the 2008 Fugro airborne survey and other field data (including drill logs) from the previous operator.

The 2008 Fugro survey showed that the magnetic anomaly that charecterizes the mineralized peridotites and gabbros of the Wellgreen Cu-Ni-Pt-Pd Deposit continues eastward to the ridge across Nickel Creek for approximately two kilometres. This area was known to be underlain by mineralized peridotites and gabbros, but had never been subjected to any drilling. As the magnetic anomaly on this ridge was of the same intensity as, and continuous with, the magnetic anomaly over the Wellgreen Deposit, three exploratory drill holes were conducted on this eastern anomaly.

The first of these drill holes DDH WS09-174 intersected a wide zone of mineralized peridotite and gabbro from 7.44 to 454.57 metres. It was drilled N-S at -50 degrees. It was terminated when it entered the footwall argillites. Below are the weighted averages of the assays; the drill logs with individual assays will be posted on our website (www.northernplatinum.com):

    
    -------------------------------------------------------------------------
       From        To        Length     Length                           Co
     (metres)   (metres)    (metres)    (feet)      Cu %       Ni %      ppm
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       7.44      363.17      349.48    1,146.6     0.0245     0.1629     134
    -------------------------------------------------------------------------
     363.17      454.43       97.51      319.9     0.0830     0.2070     142
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    The second drill hole WS09-175 was drilled 100 metres to the east of
WS09-174. It was drilled N-S at -60o. It intersected a brief zone of
mineralized peridotite before entering unmineralized andesite. Below is the
weighted average for the zone:

    -------------------------------------------------------------------------
       From        To        Length     Length                           Co
     (metres)   (metres)    (metres)    (feet)      Cu %       Ni %      ppm
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       3.96       20.03       16.06       52.7     0.0248     0.1461     133
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    The last hole in the series was DDH WS09-176. It was drilled west of DDH
WS09-174, across Nickel Creek from the mine portal. This hole was drilled W-E
at -45o. It intersected a wide zone of mineralized peridotite. The weighted
averages are shown below:

    -------------------------------------------------------------------------
       From        To        Length     Length                           Co
     (metres)   (metres)    (metres)    (feet)      Cu %       Ni %      ppm
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       2.44      340.16      338.94    1,112.0     0.0187     0.1609     133
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    

Precious metal assays (Pt, Pd, Au) are being assayed and will be released following receipt from Loring Laboratories.

The September-October drilling program showed that the Wellgreen mineralized peridotites/gabbros continue eastward across Nickel Creek for at least 300 metres. The three exploratory holes indicate the potential for discovery of new mineralized zones and increased tonnages for the Wellgreen Deposit. Northern Platinum is encouraged by the results, and plans to continue its efforts to expand the area of mineralization, as well as to search for new targets further east on the property.

Core samples were split with an electrical diamond saw, then bagged and sealed and packed in wooden crates at the mine site. The crates were driven to Whitehorse and shipped to Calgary by truck. All of the routine analytical work is preformed by Loring Laboratories of Calgary, Alberta. The base metal assays were done by 30 element ICP. For quality assurance, every twentieth sample was a blank, geochemical standard or a duplicate. Assays were received by email and posted on to the geological drill logs.

The Wellgreen exploration work is being carried out under the direction of Mel de Quadros. Ph.D., P.Eng. who is the qualified person within the meaning of National Instrument 43-101 and Northern Platinum's President and Chief Executive Officer. Mel de Quadros has supervised the field work and diamond drilling and has reviewed and approved the information of a scientific or technical nature contained within this news release.

NORTHERN PLATINUM LTD.

Mel de Quadros, Ph.D., P.Eng.

President and Chief Executive Officer

This press release includes "forward-looking statements" including statements regarding Northern Platinum's planned exploration activities on the Wellgreen property. These forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Northern Platinum. Statements regarding planned exploration activity are subject to all of the risks and uncertainties normally incident to mineral exploration. These risks include, but are not limited to, commodity price fluctuations, inherent uncertainties of cost estimates and the potential for unexpected costs and expenses, environmental regulation and liability, and political and regulatory risks associated with mining and exploration. In making the forward looking statements in this press release, Northern Platinum has applied certain factors and assumptions that Northern Platinum believes are reasonable, including that Northern Platinum is able to obtain financing for its planned exploration of the Wellgreen Property and other operations on a timely basis and on reasonable terms; that Northern Platinum is able to procure equipment and supplies in sufficient quantities and on a timely basis; that exploration timetables and capital costs for Northern Platinum's exploration of the Wellgreen Property are not incorrectly estimated or affected by unforeseen circumstances; and that any environmental and other proceedings or disputes are satisfactorily resolved. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Northern Platinum does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

SOURCE NORTHERN PLATINUM LTD.

For further information: For further information: Suite 206 - 837 West Hastings Street, Vancouver, BC, V6C 3N6, Tel. (604) 669-2066, Fax. (604) 669-3522

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